Larry McAnarney
815-703-4745

Reverse Mortgage Age Qualifications

What is the Reverse Mortgage Age?

To clear up a common question, the minimum reverse mortgage age is 62. The product was designed for Senior Citizens by the US Government to benefit seniors during the retirement process. The following are the general requirements. Notice the minimum reverse mortgage age listed below. As a side note, the amount of proceeds from a reverse mortgage are also based on age.

Reverse Mortgage Qualifications

>> Borrowers must be Age 62 years or older
>> Own their home and have enough equity in to qualify
>> Occupy the home as primary residence
>> The home must be in generally good condition
>> Must meet with a certified HUD/FHA counselor

If you would like more Information regarding the reverse mortgage age qulaifications, you may Contact one our Reverse Mortgages Specialists for additional information on the reverse mortgage. You may also visit the following link to return to the ReverseMortgage home page, or request a free Reverse Mortgage Quote online.

Verified Reviews

(216)

Larry is the best hand holder Larry is the best hand holder anyone could ask for, very detailed orientated and worked well with all the other parties behind the scene in our best interest.Larry would always get us back on track when we started to stray during the process and was there at the end to help with the closing.

Phil R — Jan 28, 2020

Larry did an Excellent Job Larry did an excellent job of keeping our loan moving forward during a very difficult loan transaction.

Ed K — Aug 19, 2021

Extremely Patient, Courteous, and Helpful My father recently concluded a reverse mortgage for which Mr. Larry McAnarney was the loan officer. I sat in with my father on several of the discussions to help him through the process. Mr. McAnarney was extremely patient, courteous and helpful. He answered all of our questions and went out of his way to make sure that my father understood his options and was comfortable. His conduct was very professional, while exhibiting genuine care for the elderly client whom he was serving. Both my father and I felt very confident about his knowledge, ethics and professionalism. I would recommend Mr. McAnarney to anyone considering the option of a reverse mortgage.

Jackie V — May 15, 2018